Eco Atlantic Oil & Gas

#ECO is excited to see Shell's plans to drill up to five wells in the North Cape Ultra Deep licence, located near Eco's acreage offshore South Africa. Interest from supermajors in the Orange Basin and in Namibia in general continues to grow as efforts to commercialise its significant reserves intensify.

#Eco CEO Gil Holzman spoke to Proactive about the Company's exciting farm-in to Block 1 in the Orange Basin offshore South Africa. Watch the interview here: https://lnkd.in/gShjrVEK

Eco Atlantic Announces a Farm In to 20,000km2 Block 1 Offshore Orange Basin South Africa / Namibia Border to hold 75% Operated Interest.   Colin Kinley, COO of Eco: “The Orange Basin continues to prove to be one of the newest and most prolific plays in the world and is running similar statistics to our Guyana play. Following completion of this Farm-in, Eco will have one of the largest blocks in the entire Orange Basin. This is a strategic play for Eco that we have worked on over the past year, focussing on both Oil and Gas potential, and where we believe there are significant near shore prospective gas resources. There are inboard gas discoveries on the block, Kudu to the North, and multiple discoveries in the Ibhubesi field to the South. With the reach of the block some 250km out into the Atlantic, this puts the West end of the Block into highly prospective opportunities for oil being just South and on trend with Shell’s Graff discovery and Galp’s Mopane discoveries, and North of our 3B/4B Block oil targets recently farmed out to TotalEnergies and QatarEnergy.”   The full announcement can be found here: https://lnkd.in/gbKh6w-E

Eco are pleased to have attended the African Energy Chamber #InvestinAfricaEnergy Forum. A big congratulations to NJ Ayuk JD, MBA. and his team for putting on the event, which was well attended, including representatives from multiple African energy ministers and OPEC. The Eco team benefitted from the engaging content on Africa and the superb panels, which featured participants with diverse and cross sector expertise.

"Eco Atlantic is likely to be one company set to benefit from this heightened supermajor scramble for Walvis basin acreage" - Upstream. Ever-growing interest from #supermajors in the Walvis basin signifies the strategic importance of #Eco's acreage offshore Namibia, which will see an intensification of exploration activity with the potential to transform the region's energy output. Read more about Eco's Walvis basin operations: https://lnkd.in/g89guuN2 

#Eco is pleased to see NAMCOR agree a development deal with Chevron for #PEL82 in the Walvis Basin, yet another landmark in Namibia's burgeoning oil and gas sector. PEL82 (highlighted in red) is right in the centre of Eco's four licences in the basin and its development further indicates the exciting developments which are being made offshore Namibia.

Great to see such a large attendance at the Namibia International Energy Conference this week. Gil Holzman, CEO of #Eco, took part in a panel today, discussing ‘The next phase of oil and gas discoveries’ in the region and Eco’s strategic acreage position in the country.

#ECO Co-founder and CEO, Gil Holzman, will provide an Investor Update via Investor Meet Company on 13 March 2024 at 2pm GMT. To register and pre-submit questions, please follow the link: https://lnkd.in/eKuq4itx 

Gil Holzman spoke to African Energy Chamber about the Company’s exciting farm-in news on Block 3B/4B, offshore South Africa, with TotalEnergies and QatarEnergy. https://lnkd.in/egC7rz4N

It's no coincidence that International Women’s Day falls the same week Eco and our Partners announce a multi-million dollar farm-down transaction on Block 3B/4B which was initiated, led, and executed by truly incredible women and a diverse global team. Congratulations to all who played a part in this process and will take the new JV forward - diversity of thought is crucial for our sector.  Jenny Morante-Gout, Emily Ferguson, Megan Rodgers, Amore Carstens Alice Carroll, Selma Usiku Cliffe Dekker Hofmeyr Inc, TotalEnergies, Africa Oil Corp., QatarEnergy & Ricocure  #iwd2024